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Income Financial Declares Monthly Distribution

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TORONTO, Aug. 20, 2018 (GLOBE NEWSWIRE) -- Income  Financial  Trust  ("Income  Financial") declares its monthly distribution of $0.12792 per unit. The distribution is payable September 10, 2018 to unit holders on record as at August 31, 2018.

Under the distribution policy announced on November 18, 2013, the monthly distribution is determined by applying a 10.00% annualized rate on the volume weighted average market price (VWAP) of Income Financial's units over the last 3 trading days of the preceding month. As a result, holders of record on August 31, 2018 will receive a dividend of $0.12792 per unit based on the VWAP of $15.35 payable on September 10, 2018. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.

Income Financial unitholders have received a total of $32.25  per unit in distributions since inception, inclusive of this distribution.

Income Financial invests in a portfolio of North American financial services companies including some of the strongest Canadian & U.S. banks, life insurance and investment firms.

     
Distribution Details    
 
Trust Unit (INC.UN)
   

$
 

 0.12792
Ex-Dividend Date:     August 30, 2018
Record Date:     August 31, 2018
Payable Date:     September 10, 2018
 

 

 

Investor Relations: 1-877-478-2372                  Local: 416-304-4443
 

 

 

www.quadravest.com
 

 

 

info@quadravest.com

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